Unchained How to Keep Your Crypto From Being Stolen Via Your Phone - Ep.128
Jul 16, 2019
Rich Sanders, cofounder and chief security officer at CipherBlade, and Harry Denley, director of security at MyCrypto.com, dive deep into the dangerous world of SIM swapping. They explain who the attackers are and how they exploit vulnerabilities to steal your crypto. Listeners will learn essential protection strategies, including optimal account setups and effective two-factor authentication methods. Plus, they share vital steps to take if you fall victim to such fraud, ensuring that you stay one step ahead of hackers.
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Episode notes
Kenna's Quick Loss
- Jared Kenna lost access to 30+ accounts within 7 minutes due to SIM swapping.
- This highlights the speed and coordination of SIM swap attacks, often involving teams of perpetrators.
Terpin's $24 Million Loss
- Michael Terpin lost $24 million in crypto due to SIM swapping and was later awarded $75 million.
- SIM swapping attacks can result in substantial financial losses, but legal recourse is possible.
Decouple Phone from Crypto
- Prioritize removing your phone number from any accounts linked to cryptocurrency.
- Implement strong security measures outlined in the "SIM Swapping Bible."